Eurasia Mining Share Discussion Threads

[book5] 14/6/2019 10:17

Pd price graph: it’s rising slope is slightly steeper than April rise
It should pull Pt upwards with it
Good

[driver101] 14/6/2019 10:08

Looks like Pd is slowly heading back to $1600

[book5] 14/6/2019 10:01

Pt Pd up
Oil down
Cu flat

[driver101] 14/6/2019 09:54

00

That’s why we are waiting it must require specific contracts with both teams of lawyers drafting a lot of paper work and documents before they release the drawdown of $50m thats what their wages are paying them for and that’s why we are waiting patiently. But you never know when this will be completed today, tomorrow or next week EUA release RNS’s on any day and at any time.

[book5] 14/6/2019 09:43

Not just like that, but in accordance to Sinosteel conditions

[abrahe00] 14/6/2019 09:27

You're dreaming if you think sinosteel are going to handover $50m just like that...

[book5] 14/6/2019 09:11

2nd washer plant, or the $50 million from sinosteel, only news will move the price

So when does Eua expect these two events to happen?

[mostyn] 14/6/2019 08:53

PennStreet,

"there's lots of good news in the wings that could drive the share price into orbit!!"

The news in this market needs to be exceptional to have any impact. Plenty of companies release good news and the share price moves up, and then 3 days later is back to where it started.

News here needs to be tangible, and needs to be able to be clearly related to the expectation of profit and no further dilution. Assets in the ground are just not making much difference to a whole range of junior miners at present, because we haven't reached a feeding frenzy in the precious metals market. If you look at palladium the price has done very well, but very few appear to be interested, even though we have shortages forecast for the future. The forecast shortage also applies to platinum but the gap between platinum and gold has never been wider. If you look at platinum/palladium juniors there is the same lack of interest everywhere.

I'm with cool hand kev - I see this a longer term investment, perhaps 2-3 years. I wish something would drive the price into orbit, but I just can't see any of the anticipated news doing it, unless it's a very significant increase in current production. The only other thing would be a bid - one can only hope....

[pennstreet] 14/6/2019 08:26

Because there's lots of good news in the wings that could drive the share price into orbit!!Too risky to be out at this stage

[russiaguru] 14/6/2019 08:04

Penn why buy in now, months away from drilling to be completed and then submitted for approval.

I think it will be similar to last year when we waited for mt news.

[pennstreet] 14/6/2019 07:59

I would get in now and put in your bottom drawer for next year. You're not going to be able to grab much at these prices for long!

[amont92051] 14/6/2019 07:44

russiaguru - 10 Jun 2019 - 14:22:10 - 21867

-------------------------------------------

Lucky for all you guys I am out of eua until next year. With a tough market heading into the autumn eua doesn't represent a good risk reward opportunity.

[book5] 14/6/2019 04:06

Eku
I will most probably come
Yesterday I asked for a letter to ii to be able to attend, it should be in the post

[ekuuleus] 13/6/2019 23:10

Ill be at agm.. anyone want me too ask questions ?

[ekuuleus] 13/6/2019 23:09

To be fair, Russia guru is right. However, it's not the whole story. 20 years of failure, but last year was a successful mining season. The more music has changed. Positive vibes. Agm will be pivotal.

[charles clore] 13/6/2019 22:57

russ - maybe it would be better if you sold your shares (if indeed you have any) and leave us in peace as all you do is find fault and moan.

[snowman100] 13/6/2019 22:34

Pd $1453 still climbing!

[book5] 13/6/2019 22:26

Russianguru
Do you have any share for your representation letter to attend the general shareholders meeting?

[book5] 13/6/2019 22:24

I will love Eua even more when Pd it is above 2000, and Pt above1200
It will come just for MT production, circa 2020/1

[russiaguru] 13/6/2019 22:23

With 175m debt

[cyberbub] 13/6/2019 22:18

I agree that we could be producing from MT by the end of 2020, albeit at that stage it's only likely to be smallish toll processing via Norilsk.. But why not - that would still give substantial income for a minnow like EUA!

[driver101] 13/6/2019 21:45

PRICE
PALLADIUM
COMMODITY
1,448.50 USD 40.00 (2.84%)

[excellance] 13/6/2019 21:21

Look at pd go!!

[red rook] 13/6/2019 20:57

russiaguru,

''If they had given some dates for anything I would be adding at this level and below but as yet no target dates have been released apart from end of 2021 (sinosteel contractual agreement)''

I have re-posted part of my previous post, which was addressed to you, on 07 Jun 2019 - 20:14:24 - 21774 of 21975, since I am concerned that you may be suffering from short term memory loss.

==============
The interview given by Dmitry Suschov, who I suggest has a better undertanding of what's happening than even CS, was very clear......

Regarding MT ''..SinoSteel has obligation to take it to full production within two year time-frame .. so hopefully BY END OF NEXT YEAR we will be ALREADY PRODUCING...SinoSteel has an obligation to bring it to full scale production which is 140,000 oz/year ...'

'BY END OF NEXT YEAR' ...for the innumerate that's 2020.'ALREADY PRODUCING'.... not under construction, not commissioning BUT already producing. Of course there may be some slippage, as in any project, but that is the time frame given. The 'two year' time frame quoted has already started, and was triggered when the MT license was issued. In fact, as CS stated previously supporting work was already going on behind the scene in anticipation of the license.

Regarding WK news flow ... there should be a video update mid-june showing progress at WK. IMO, there will be a production update either then or at the end of the month. Both CS and DS have clearly stated that they believe that WK will be the number one alluvial PT producer globally THIS year. Also, in the latest RNS CS commented .. 'We are confident of a strong second year at West Kytlim in 2019'.
These are clear and bold statements. IMO, not wishful thinking as CS also stated that they have.. 'continuously sampled during excavation to confirm the grades'. So they must have a clear understanding by now of what to expect this season from WK.